1. FINANCIAL FREEDOM “The rich ruleth over the poor and the borrower is servant to the lender.” (Proverbs 22:7) Finding FINANCIAL FREEDOM

2. Global Debt

3. National Debt

4. Dollars spent in the lifetime of an average 21-year-old Adults who are unbanked Total revolving debt carried by the average household Credit cards in the average household Amount Americans shelled out in credit card fees in 2004, an 18% increase over the previous year

5. 11 Steps For Getting out of Debt

6. STEP #1 Acknowledge the Problem

7. 11 Steps for Getting out of Debt #1: Acknowledge the Problem

8. STEP #2 Stop Digging

9. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging

10. STEP #3 Make Small Cutbacks

11. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging #3: Make Small Cutbacks

12. STEP #4 Start an Emergency Fund

13. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging #3: Make Small Cutbacks #4: Start an Emergency Fund

14. STEP #5 Take Inventory

15. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging #3: Make Small Cutbacks #4: Start an Emergency Fund #5: Take Inventory

16. STEP #6 Make a Spending Plan

17. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging #3: Make Small Cutbacks #4: Start an Emergency Fund #5: Take Inventory #6: Make a Spending Plan

18. STEP #7 Control Spending

19. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging #3: Make Small Cutbacks #4: Start an Emergency Fund #5: Take Inventory #6: Make a Spending Plan #7: Control Spending

20. STEP #8 Pay Bills on Time

21. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging #3: Make Small Cutbacks #4: Start an Emergency Fund #5: Take Inventory #6: Make a Spending Plan #7: Control Spending #8: Pay Bills on Time

22. STEP #9 Start a Snowball

23. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging #3: Make Small Cutbacks #4: Start an Emergency Fund #5: Take Inventory #6: Make a Spending Plan #7: Control Spending #8: Pay Bills on Time #9: Start a Snowball

24. STEP #10 Grow Your Income

25. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging #3: Make Small Cutbacks #4: Start an Emergency Fund #5: Take Inventory #6: Make a Spending Plan #7: Control Spending #8: Pay Bills on Time #9: Start a Snowball #10: Grow Your Income

26. STEP #11 Expand Your Emergency Fund

27. 11 Steps for Getting out of Debt #1: Acknowledge the Problem #2: Stop Digging #3: Make Small Cutbacks #4: Start an Emergency Fund #5: Take Inventory #6: Make a Spending Plan #7: Control Spending #8: Pay Bills on Time #9: Start a Snowball #10: Grow Your Income #11: Expand Your Emergency Fund

30. FAMILY FINANCIAL FITNESS

31. *45% of college students with $3,000 + in credit card debt *More students lost to credit card debt than to academic failure *96% increase in number of 18 to 24- year-olds declaring bankruptcy *Personal bankruptcies nearly doubled in the past decade *1.6 million + filed for personal bankruptcy in 2003. *Home foreclosures in 2002 reached the highest rate in 30 years.

32. Once you get out of debt,

33. STAY OUT OF DEBT!

34. Resources Dave Ramsey –Financial Peace –The Financial Peace Planner –How to Have More Than Enough –More Than Enough –Financial Peace Revisited –The Total Money Makeover (and workbook) –The Money Answer Book –Priceless: Straight-Shooting, No-Frills Financial Wisdom –EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches Dave Ramsey Show 1:00-4:00 PM 570 AM(KLIF) www.daveramsey.com U.S. Debt Clock: http://www.usdebtclock.org/index.html#http://www.usdebtclock.org/index.html# World Debt Clock: http://www.economist.com/content/global_debt_clockhttp://www.economist.com/content/global_debt_clock